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The second biggest software services exporter of the country, Infosys, is going to consider a proposal for buyback of its equity shares at its meeting which is going to be held on August 19.
A G S Manikanta, Infosys Secretary has said in a statement that “we would like to inform you pursuant to Regulation 29 (1) (b) of the Sebi (Listing Obligations and Discourse Requirements) Regulations, 2015, that the board of directors of Infosys Limited will consider a proposal for buyback of equity shares of the company at its meeting to be held on August 19, 2017.”
He further said that the outcome of the board meeting will be disseminated to the stock exchanges after conclusion of the board meeting.
